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taxes even more. so that is the pushback that officials are giving to that republican criticism. having said that, they remain optimistic moderately so at this point that something will get done. and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not grand bargain, the big deal they had initially hoping for and working on but it is a deal nonetheless and will prevent at least part of the fiscal cliff set to go in to effect in a matter of hours now. >> mike, we talk a lot here about the sequester, the income tax rates for the wealthy and other issues that need to be resolved or one on the table. one that's not on the table, the payroll tax extension is just gone. unemployment insurance extension looks like it's part of this. and medicare dock fix. you have any sense of two other things that obama's been looking for here? one is an extension of the expansion of the re
to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer m
on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that should be $400,000 and have fixes to social security on costs of living adjustments on that. what ended up happening? john boehner retreated their plan b that mike viquiera was talking about that was unable to pass and now we are in the stalemate we are in now. we were closer than before. >> you touch on a good point. that's lost now in the media. we are going-over the cliff. last week they are $450 billion away from a deal. that's less than 1% of the federal spending over the next decade. in d.c. terms, 400 billion seems like a lot. that's a drop in the bucket in d.c. terms. it's amazing that small of a number killed a deal. >> if you are buying a house or a car and one person said look, i'm going at $1 billion. usually split the difference and do the deal. this time around, that didn't happen. neither was hoping for this. if house republicans couldn't go for that million dollar threshold, they are not goin
corporate rate and that tax reform. and also immigration reform. >> and stephanie, let me put it a slightly different way. how long does president obama's second term last? second terms don't last four years sometimes. domestically. >> they last four years but there is a shelf life to what you can get done because people are going to start looking at the midterms pretty quickly. 2013 is a very important year to get things done, tax reform, immigration reform, we have to finish implementing the health care law a year from right now, people are going to be signing up for exchanges in states all over the country. >> what do you -- >> we don't know if barack obama is a liberal, moderate, debating that four years, six years. next year, we will know what -- >> a pragmatic. >> an ideologue at times? we will know. >> i'm going to put you on the spot. >> i'm ready. >> mcauliffe. the big race of 2013, which by the way will dominate the washington media market, mcauliffe and cuccinelli. >> going off to -- >> does he win? >> cuccinelli, he wins, 2016? >> the year of 2012, besides barack obama's re-elec
pretty quickly. 2013 is a very important year to get things done. tax reform, immigration reform, we have to fin implementing the health care law. a year from now people will be signing up for exchanges all across the country. >> we don't know if barack obama is a liberal or mott rat, at the end of next year -- is we will really know by next year. >> couch nelle, -- couch necessarilyi, mcauliffe? >> it's sfp interesting. you've really -- >> does he win? >> if -- >> it will be known as the year that america gets comfortable with gale marriage. that's it for this special edition. watch us every weekday at 9:00 a.m. happy holidays, happy new year. be safe from all of us at "the daily rundown." portions were much larger. and i just felt like i needed to eat it all because it was so yummy. weight watchers online worked for me because it lets me live my life. i can still go out with my friends. i can still enjoy my favorite foods and drinks. it's just a smarter way of eating. i lost 40 lbs. wow it's amazing. my most favorite part of my new body is my bottom. [ laughs ] [ hudson ] weight watcher
. >> lots of democrats have been mad at me. is that just president obama sort of being rhetorical or is there unhappiness from yourself or some of your colleagues with the possibility that we may be looking at going from $250,000 to $400,000 in terms of whose taxes will get raised and whose won't? do you feel like he's represented house democrats' interests enough? >> well, chris, as the president played out in that clip you played, he proposed a so-called grand bargain that would include up to $1.2 trillion in revenue combined with $1.2 trillion in additional cuts. and as he said, that would have required democrats to make some very, very tough decisions, some decisions that democrats probably wouldn't like to make unless they were amended. but the overall point he was making was that he put that balanced proposal on the table, and speaker boehner walked away from that because he didn't think he could sell that kind of balanced plan to his own caucus. and we know from the fact that his own plan "b" that simply asked people making more than $1 million a year to put in a little bit
Search Results 0 to 5 of about 6